National Asset Management Inc. cut its position in shares of Costco Wholesale Corporation (NASDAQ:COST) by 2.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,647 shares of the retailer’s stock after selling 97 shares during the period. National Asset Management Inc.’s holdings in Costco Wholesale Corporation were worth $780,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of COST. Mercer Capital Advisers Inc. increased its position in shares of Costco Wholesale Corporation by 43.4% in the first quarter. Mercer Capital Advisers Inc. now owns 664 shares of the retailer’s stock worth $111,000 after buying an additional 201 shares in the last quarter. Mosaic Family Wealth LLC increased its position in shares of Costco Wholesale Corporation by 16.7% in the first quarter. Mosaic Family Wealth LLC now owns 700 shares of the retailer’s stock worth $117,000 after buying an additional 100 shares in the last quarter. CKW Financial Group increased its position in shares of Costco Wholesale Corporation by 33.1% in the first quarter. CKW Financial Group now owns 804 shares of the retailer’s stock worth $135,000 after buying an additional 200 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its position in shares of Costco Wholesale Corporation by 142.1% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 920 shares of the retailer’s stock worth $154,000 after buying an additional 540 shares in the last quarter. Finally, Gilder Gagnon Howe & Co. LLC increased its position in shares of Costco Wholesale Corporation by 2.3% in the first quarter. Gilder Gagnon Howe & Co. LLC now owns 972 shares of the retailer’s stock worth $163,000 after buying an additional 22 shares in the last quarter. Institutional investors own 74.14% of the company’s stock.

Costco Wholesale Corporation (NASDAQ COST) traded up 0.01% during midday trading on Friday, hitting $156.65. The stock had a trading volume of 1,886,996 shares. Costco Wholesale Corporation has a 1-year low of $142.11 and a 1-year high of $183.18. The firm has a 50-day moving average price of $155.46 and a 200-day moving average price of $167.57. The firm has a market capitalization of $68.71 billion, a price-to-earnings ratio of 27.20 and a beta of 0.93.

Costco Wholesale Corporation (NASDAQ:COST) last posted its earnings results on Thursday, May 25th. The retailer reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.09. The business had revenue of $28.86 billion for the quarter, compared to analyst estimates of $28.57 billion. Costco Wholesale Corporation had a return on equity of 20.45% and a net margin of 2.06%. The firm’s revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.24 EPS. On average, equities research analysts anticipate that Costco Wholesale Corporation will post $5.77 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 18th will be issued a dividend of $0.50 per share. The ex-dividend date is Wednesday, August 16th. This is a positive change from Costco Wholesale Corporation’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.28%. Costco Wholesale Corporation’s payout ratio is presently 34.66%.

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COST has been the topic of a number of research reports. Gordon Haskett initiated coverage on Costco Wholesale Corporation in a report on Tuesday, May 9th. They issued an “accumulate” rating and a $191.00 target price on the stock. Deutsche Bank AG reiterated a “buy” rating and issued a $187.00 target price on shares of Costco Wholesale Corporation in a report on Wednesday, April 26th. Stifel Nicolaus reiterated a “buy” rating and issued a $185.00 target price on shares of Costco Wholesale Corporation in a report on Thursday, May 4th. Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of Costco Wholesale Corporation in a report on Thursday, April 27th. Finally, Royal Bank Of Canada upped their target price on Costco Wholesale Corporation from $182.00 to $190.00 and gave the company a “buy” rating in a report on Friday, May 26th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $179.11.

In related news, insider John D. Mckay sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $181.60, for a total transaction of $544,800.00. Following the transaction, the insider now directly owns 62,607 shares of the company’s stock, valued at approximately $11,369,431.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP James P. Murphy sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 7th. The stock was sold at an average price of $181.30, for a total value of $906,500.00. Following the transaction, the vice president now directly owns 48,845 shares in the company, valued at $8,855,598.50. The disclosure for this sale can be found here. Insiders have sold a total of 15,000 shares of company stock worth $2,677,430 over the last three months. 0.74% of the stock is owned by insiders.

About Costco Wholesale Corporation

Costco Wholesale Corporation is engaged in the operation of membership warehouses in the United States and Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Australia, Spain, and through its subsidiaries in Taiwan and Korea. As of August 28, 2016, the Company operated 715 warehouses across the world.

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Institutional Ownership by Quarter for Costco Wholesale Corporation (NASDAQ:COST)

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